CIMA Exam Practice Kit: Business Mathematics by Walter Allan

By Walter Allan

CIMA examination perform Kits consolidate studying via offering an intensive financial institution of perform questions. every one answer presents a close research of the right kind resolution and highlights why the choices are unsuitable. CIMA examination perform Kits are perfect for scholars learning independently or attending a tutored revision path. It supplementations the professional CIMA learn platforms and CIMA Revision playing cards with a wealth of extra questions and fabric concentrated only on utilising what has been learnt to passing the examination. CIMA examination perform Kits support scholars organize with self assurance for examination day, and to cross the recent syllabus first time. * contains 2 hundred examination commonplace a number of selection questions* organize to move with broad extra query perform * presents labored solutions to totally clarify the proper solution, and research of fallacious solutions - aiding CIMA scholars keep away from universal pitfalls

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If the selling price is £20 per unit, sales will be 800 units per week. 50 per unit and fixed costs £10,000 per week. 5x Ϫ 10,000 A Ϫ 5 If 3x ϩ 4y ϭ 25 and 10x ϩ 2y ϭ 38 what are the values of x and y? A B C D 6 xϭ3 xϭ3 xϭ4 xϭ5 yϭ3 yϭ4 yϭ5 yϭ4 If 9x2 Ϫ 30x ϩ 25 ϭ 0 then x is equal to 2 3 B 1 5 C 3 D 2 A 7 The shape of a graph of linear equation will be A B C D 8 U shape straight line L shape depends on the linear equation If b2 Ϫ 4ac is positive then A B C D there is only one solution there are two possible solutions there are no real solutions impossible to determine without knowing their values 12 Exam Practice Kit: Business Mathematics 9 2x ϩ 3y ϩ 4z ϭ 9 3x Ϫ 2y Ϫ 3z ϭ 3 4x ϩ 5y Ϫ 2z ϭ 25 the values of x, y and z are In the equations A B C D x ϭ 2 y ϭ 3 z ϭ Ϫ1 xϭ1 yϭ3 zϭ2 xϭ2 yϭ1 zϭ3 xϭ3 yϭ2 zϭ1 10 If 6x2 ϩ 12x ϭ 4(5x ϩ 2) then the values of x are A B C D Ϫ2 or 2 3 Ϫ3 or 1 2 Ϫ3 or 1 2 2 or 2 3 Multiple choice solutions 1 Volume of rectangular box is equal to length ϫ height ϫ depth.

7 Calculate the annual repayment on a bank loan of £50,000 over eight years at 9% per annum. 8 How much needs to be invested now at 5% to yield an annual income of £10,000 in perpetuity? 9 An initial investment of £2,000 yields yearly cash flows of £500, £500, £600, £600 and £440 at the end of each year. At the end of year five, there is no scrap value. If capital is available at 12%, using discounted cash flow and internal rate of return assess whether the project should be accepted. 10 If a credit card company has an annual percentage rate (APR) of 30% how much interest are they charging a customer each month?

Questions 8–10 are based on the following data Student marks (%) Over 80 70–79 60–69 50–59 40–49 30–39 20–29 Number of students 2 8 15 30 25 10 10 100 34 Exam Practice Kit: Business Mathematics 8 From the information above construct a histogram. 9 From the information above construct a frequency polygon. 10 From the information above construct an ogive. Concepts, definitions and short-form solutions 1 Principles to be followed constructing graphs and diagrams (i) (ii) (iii) (iv) (v) (vi) 2 3 give the diagram a name state where data is sourced units of measurement must be stated scale must be stated axes must be clearly labelled neatness is essential (i) simple (ii) component (iii) multiple 43 ϫ 360 155Њ 100 20 barley ϫ 360 72Њ 100 16 grass ϫ 360 58Њ 100 12 oats ϫ 360 43Њ 100 9 72Њ fallow ϫ 360 100 360Њ (i) wheat (ii) (iii) (iv) (v) 4 Frequency No.

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